German Chancellor Angela Merkel’s government expects to cut planned 2014 bond sales, predicting increased tax collections and reduced spending will help keep its budget balanced, a draft federal spending plan shows.
U.S. regulators proposed two sets of rules for margin requirements in swap transactions that may force airlines, large manufacturers and other commercial end- users to set aside money to reduce risk in certain trades.
Germany isn’t “putting pressure on anyone” to accept additional losses on Greek sovereign bonds as part of the planned second bailout for the debt-laden country, Finance Ministry spokesman Bertrand Benoit said.
German 10-year bond yields were headed for their first weekly gain in five as investors waited to see whether Federal Reserve Chairman Ben S. Bernanke will signal further steps to support the U.S. economy.
German bunds rose for a second day as Federal Reserve Chairman Ben S. Bernanke refrained from signaling additional stimulus measures in a speech today, maintaining demand for the euro region’s safest assets.